If your district has declined positive pay you may have released your bank from liability for any checking account- or ACH-related fraud that would have been discovered if the school district had accepted positive pay. Under positive pay, school districts send check and ACH transactions details to their bank to match-up to payment transactions being processed by the bank. Additionally, it’s recommended that only the exact amount for the current payroll and accounts payable runs be deposited into the district’s payroll and accounts payable clearing accounts. Timely reconciliations of bank and other accounts are essential; however, fraud prevention is most effective when positive pay processes apply real-time blocks to payment of fraudulent transactions.